US stocks open higher as earnings season kicks off

Stocks opened higher Wednesday, one day after aluminum producer Alcoa kicked off the quarterly earnings season with a report that met expectations.

Five minutes into trade, the Dow Jones Industrial Average was up 33.55 points (0.25 percent) at 13,362.40.

The broad-based S&P 500 rose 4.26 (0.29 percent) to 1,461.41, while the tech-heavy Nasdaq Composite gained 7.62 (0.25 percent) at 3,099.43.

Alcoa, considered an economic bellwether because of its role in industrial production, posted an in-line profit of $0.06 per share after trade closed Tuesday.

Briefing analyst Patrick O'Hare said the market may take a "wait-and-see" approach Wednesday as it awaits a Thursday meeting of the European Central Bank and public comments from Federal Reserve officials.

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